 The (Rs 16,700 crore) project is being executed by Navi Mumbai International Airport Limited (NMIAL), a special purpose entity formed by the GVK group and City and Industrial Development Corporation (CIDCO) which will hold 74 percent and 26 percent equity shares of NMIAL respectively.CIDCO is the nodal government agency for the project which will be built through a public–private partnership (PPP) on a design, build, finance, operate and transfer (DBFOT) basis.The airport covers an area of .